In the next 3 months the average price of oil and gas will be higher than the average price from june to September 2021 with a spike in asian price.
Northern summer vs northern winter.
Whats diving the spike is geopolitical tension over ukraine. Europeans buying some more LNG from US (at the expense of asian customers) to reduce consumption of russian gas via Yamal and Nordstream but this is not a long term solution and WPL sells into the asian markets where price is increasing thanks to some US volume headed to EU instead of asia.
A cold winter in the northern hemisphere on top of this cold war over ukraine will see prices for oil and gas escalate further over the next 3 months IMO, an actual ukraine war would see a massive spike in natural gas price IMO.
WPL@$30, page-4259
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